The US CPI report, which was previously delayed due to the historic government shutdown, is scheduled to be released on November 13th, and market expectations are high. The October inflation rate is expected to remain close to September’s year-on-year comparison rate of 2.6%, with a core rate of 3.3%. Cooler content may raise expectations for a rate cut again, while hotter content may delay interest rate cut expectations again. Ahead of the release, crypto whales are making selective purchases.
They seem to be moving from broad risk-on bets to tokens with stable fundamentals and clear use cases. Their accumulation pattern suggests a focus on DeFi-linked assets and low-volatility projects. and price structure suggesting early signs of a trend reversal.
chain link (link)
Crypto whales are buying Chainlink again after weeks of steady selling. In the past 24 hours, Whale’s holdings increased from 542.92 million LINK to 543.07 million LINK. This equates to approximately 150,000 LINKs, or approximately $2.36 million at current prices.
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This sudden buy comes just ahead of the U.S. Consumer Price Index (CPI) report, suggesting whales are expecting inflation to slow or stabilize, which could lift overall market sentiment. Their renewed interest signals confidence that Chainlink’s recent slump may be nearing a bottom.
On the technical side, LINK’s price hit new lows from October 10 to November 4, while the Relative Strength Index (RSI), which measures buying and selling strength, hit higher lows. This rare bullish divergence often appears before a trend reversal and indicates hidden accumulation below the surface. As for existing trends, LINK is down about 33% over the past three months, making the latest reversal theory more meaningful.
If this pattern develops, the first important level to watch is $18.76, which has been the upper bound of several bull runs since late October. A break above this could open up the next leg towards $23.80 or even $27.92, confirming that the whale entered at the right time.
However, if LINK price falls below $13.72, the setup may fail and the price may return to the lower support again. For now, the combination of whale accumulation, bullish divergence, and CPI-related optimism shows why crypto whales are buying Chainlink ahead of this important report.
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PENDLE
Cryptocurrency whales have also been steadily purchasing Pen Dollars ahead of the CPI announcement. Unlike Chainlink’s 24-hour spike in whale activity, Pendle’s accumulation has been quietly accumulating over the past week.
The balance of whale wallets holding between 100,000 and 1 million PENDLE increased by 7.64% to reach 2.86 million tokens. At the same time, the holdings of the top 100 addresses (mega whales) increased by 2.62% and now stand at 249.27 million tokens. This is approximately an additional 6.37 million PENDLE, equivalent to approximately $17.7 million.
Together, the whales and top holders have accumulated approximately 6.57 million PENDLE over the past 7 days, worth a total of approximately $18.3 million.
This buying occurred amid a modest 6.5% price increase over the same period, indicating that large holders are taking early positions in anticipation of a CPI-led market rally. Despite the near-term rebound, the Pen dollar is still down 47.9% over the past three months, making these levels attractive for accumulation.
Technically, this chart suggests why the whales have intervened. The Money Flow Index (MFI), which tracks money flowing in and out of assets by comparing price and volume, just broke out of a downtrend line that hit its lowest since early November. The breakout suggests that the multi-week inflow momentum that is typical at the beginning of a recovery phase is improving.
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If prices continue as they are, PENDLE could first test $3.37. A clean break above the day’s closing price would open the way to $3.94. And if macro sentiment strengthens further, $6.25 becomes a long-term target.
However, if the pen dollar falls below $2.50, the MFI breakout may fail and the short-term sell-off may resume. If that happens, a new low for this DeFi token will be revealed.
Cardano (ADA)
Crypto whales are buying Cardano again, but this time the tone seems more cautious. Large ADA holders with 100 million to 1 billion tokens have increased their balances from 3.7 billion ADA to 3.8 billion ADA since November 10th.
This amounts to approximately 100 million ADA added in just two days, equivalent to approximately $57 million at current prices.
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This is the first notable wave of accumulation in recent weeks and comes just ahead of the US CPI report, suggesting whales may be positioning themselves in safer, less volatile assets while awaiting macro transparency. Over the past year, ADA has barely moved, trading in a wide but slow range. This makes ADA one of the most “defensive” strategies among the major altcoins.
Technical charts give weight to this move. ADA has fallen 41% in the past three months. However, from June 5th to November 4th, the price made lower lows, but the momentum indicators formed higher lows. This is a typical bullish divergence pattern often seen before a trend reversal.
Note that similar divergence settings emerged from June to mid-October. However, while previous pullbacks were limited to below $0.69, this time the lower lows are more pronounced and if the pattern holds out, the upside momentum could be even stronger.
ADA’s next major resistance level is $0.61, approximately 8% above current levels. If the price breaks above this, the door will open to $0.73, and if the daily closing price continues above $0.73, there is a possibility that the rally will widen towards $0.93 or higher.
However, if the price falls below $0.49, the bullish setup will fail and a deeper pullback will be exposed.
